HomeLatestWho is Alisher Usmanov? UK Imposes Sanctions on Billionaire Businessman

Who is Alisher Usmanov? UK Imposes Sanctions on Billionaire Businessman

Alisher Burkhanovich Usmanov is an Uzbek-born Russian business tycoon and oligarch. Usmanov generated most of his wealth after the collapse of the Soviet Union in 1991.

Metal and mining operations and investments contributed to the majority of his wealth. According to Bloomberg, his estimated net worth is $19.5 billion as of 2022.

Sanctions imposed by EU/UK

Alisher Usmanov is in the news as the EU has placed him on its sanctions list which named him as “one of Vladimir Putin’s favorite oligarchs”.

He was also added to the UK list of sanctions on 3rd March which implies that his assets in the UK or the EU will be frozen including his lavish UK real estate portfolio. He can neither sell, mortgage nor rent out his properties.

UK’s Foreign Secretary Liz Truss said, “Our message to Putin and his allies has been clear from day one – invading Ukraine would have serious and crippling economic consequences. Sanctioning Usmanov and Shuvalov sends a clear message that we will hit oligarchs and individuals closely associated with the Putin regime and his barbarous war. We won’t stop here. Our aim is to cripple the Russian economy and starve Putin’s war machine.”

According to Forbes Magazine Usmanov’s $600m superyacht Dilbar, which is one of the largest in the world by gross tonnage, was reported to be seized by German authorities from a Hamburg shipyard on 2nd March.

We will cover in our article today everything about Alisher Burkhanovich Usmanov.

Early Life of Usmanov

Usmanov was born in the year 1953 in Uzbekistan in the provincial town of Chust. He relocated to Moscow and joined the Moscow State Institute of International Relations as he wanted to pursue a career as a diplomat. He completed his graduation in international law in 1976.

He was appointed director of the Foreign Economic Association of the Soviet Peace Committee. In 1980, he was arrested and convicted on charges of fraud and ‘theft of socialist property’ and was in jail for six years.

Just before the collapse of the soviet union, Usmanov became a dollar millionaire. He founded a plastic bag manufacturing company which was a privately-owned for-profit company.

His Investments

He owns a majority stake in Metalloinvest, a Russian industrial conglomerate. He also owns the Kommersant publishing house.

He has huge investments in Russia’s second-largest mobile telephone operator, MegaFon, and Udokan copper which possesses one of the world’s largest copper deposits. He owns major share Digital Sky Technologies (“DST”) funds and various other international technology companies.

Usmanov married Irina Viner in the year 1992. She is a Jew and a rhythmic gymnastics coach and is considered to be close to Russian President Vladimir Putin.

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Archana Kabra
Archana Kabra is a Freelance Writer and has been extensively writing stuff related to Entertainment, Lifestyle, and Technology. She is also an ardent music lover. Twitter handle: @archana153sarda
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